Items Tagged with 'Private equity firms'

ARTICLES

In the first fundraising round since Chris Rediger was named CEO, Redefy garnered a new equity partner that drove its valuation up to $25 million. As a result of his investment in the company, James Albertelli will join Redefy's board of directors.

Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing in Guaranteed Rate and taking an ownership stake in the growing retail mortgage lender.

Former Department of the Treasury Secretary Jacob Lew is returning to the private sector. Lew, who served as Treasury secretary from 2013 through end of the Obama administration earlier this year, is joining Lindsay Goldberg, a private investment firm, as a partner.

Ten-X, the parent company of Auction.com, has experienced significant growth ever since the company received a $50 million investment from Google Capital back in March 2014. Now, the company is setting the stage for its next phase. Ten-X announced Wednesday that Thomas H. Lee Partners, a private equity firm, is acquiring a majority stake in the company.

LoyaltyExpress, a provider of marketing automation and CRM solutions for mortgage companies and banks, announced Wednesday that it secured an investment from New Capital Partners, a private equity firm focused on financial and health care services. LoyaltyExpress said that the company plans to use the money to grow it business.

Irvine, Calif.-based property auction giant Real Estate Disposition Corporation, or REDC, said Thursday morning that that it had completed the sale of a 50 percent interest in the company to Trident IV, L.P., a private equity fund managed by Stone Point Capital LLC. Which means if you were wondering if REO auctions had entered the big time, you need wonder no more.

Clayton Holdings, Inc. said Tuesday that it had named Paul Bossidy its new chief executive officer, effective immediately; the Shelton, Conn.-based company provides due diligence and asset management services to mortgage investors.

Commentary

With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.